Sector Regulation Sector Regulation

UK phaseout of Russian oil imports signals move to self-reliance, business minister says

By Jakub Krupa
  • 09 Mar 2022 17:20
  • 09 Mar 2022 17:20
UK businesses should prepare for the country's ban on Russian oil imports by starting to seek alternative sources of supply, energy minister Kwasi Kwarteng said today, signaling a pivot towards domestic production.

The decision to phase out Russian oil imports by the end of 2022, announced yesterday as part of sanctions

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